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Government Debt

Volume 716: debated on Tuesday 5 January 2010

Question

Asked by

To ask Her Majesty's Government how much government debt is due for repayment in each of the next 24 months; and what is the date and rate of interest at which each such debt was issued. [HL294]

The tables below show the government marketable securities that are maturing in the next 24 months. The dates that the instrument was issued and the yield at the average accepted price for each operation is also given. Table 1 shows redemptions of gilts in the next 24 months and table 2 shows redemptions of Treasury bills as they currently stand.

The maturity profile for NS&I’s products by month of repayment in each of the next 24 months is not publicly available. A general maturity profile for NS&I’s products is available in NS&I’s Annual Report and Accounts 2008-09, page 101. (www.nsandi.com/about/annualreport-latest.jsp).

Table 1: Redemptions of gilts

Issue dates

Yield at issue

Nominal amount issued (£ million)

Redemption date

5¾% Treasury Stock 2009

30 July 1998

5.720%

2500

07 December 2009

29 September 1999

5.700%

2750

13 August 2004

4.990%

2500

07 January 2009

0.898%

15501

Total

9250

4¾% Treasury Stock 2010

19 November 2004

4.602%

3500

07 June 2010

21 January 2005

4.534%

3000

25 February 2005

4.762%

2750

29 April 2005

4.520%

3000

04 April 2008

4.015%

3750

Total

16000

6¼% Treasury Stock 2010

27 January 1994

6.400%

2750

25 November 2010

28 Jul 1994

8.300%

2000

Total

4750

4¼% Treasury Gilt 2011

09 November 2005

4.468%

3250

07 March 2011

27 January 2006

4.267%

3000

23 June 2006

4.7950%

2500

22 September 2006

4.852%

2500

30 November 2006

4.838%

2500

22 October 2008

3.848%

4750

Total

18500

9% Conversion Loan 2011

19 July 1991

9.870%

1000

12 July 2011

28 November 1991

9.750%

1500

10 Aril 1992

9.210%

200

16 February 1993

8.510%

1350

01 October 1993

7.300%

1000

Total

5050

2½% Index-linked Treasury Stock 2011

28 January 1982

3.140%

750

23 August 2011

17 December 1984

3.080%

100

17 May 1985

3.280%

150

27 March 1987

3.320%

150

03-Feb-88

3.95%

100

13-Apr-88

3.77%

100

10-May-91

4.19%

100

08-May-92

4.44%

100

08-Oct-93

3.14%

250

15-Apr-94

3.38%

150

29-Jun-94

3.90%

150

02-Jun-95

3.51%

100

26-Oct-95

3.68%

150

11-Dec-95

3.48%

150

18-Apr-96

3.70%

200

17-Jun-96

3.89%

150

17-Jan-97

3.49%

100

04-Jul-97

3.55%

150

29-Jul-99

2.19%

375

26-Apr-01

2.59%

400

24-Oct-03

2.10%

400

Total

4275

Note that the DMO sometimes issues gilts to itself in order to use them as collateral in its cash management operations. These issues and the corresponding government holdings figures have not been included in this table as they do not contribute to redemptions payments.

Table 2: Redemptions of Treasury bills

Issue Date

Amount on Offer (£ million nominal)

Average Yield (%)

Redemption Date

Month Total (£ million)

08-Jun-09

1000

0.5473

December 2009

14000

07-Sep-09

1500

0.3655

December 2009

14000

09-Nov-09

1000

0.4133

December 2009

14000

15-Jun-09

1000

0.5520

December 2009

14000

14-Sep-09

1500

0.3858

December 2009

14000

16-Nov-09

1000

0.4227

December 2009

14000

22-Jun-09

1000

0.5510

December 2009

14000

21-Sep -09

1500

0.3674

December 2009

14000

23-Nov-09

1000

0.4288

December 2009

14000

29-Jun-09

1000

0.5420

December 2009

14000

28-Sep-09

1500

0.3878

December 2009

14000

30-Nov-09

1000

0.4476

December 2009

14000

06-Jul-09

1000

0.5250

January 2009

10000

05-Oct-09

1500

0.3980

January 2009

10000

13-Jul-09

1000

0.5035

January 2009

10000

12-Oct-09

1500

0.4158

January 2009

10000

20-Jul-09

1000

0.4777

January 2009

10000

19-Oct-09

1500

0.4319

January 2009

10000

27-Jul-09

1000

0.4696

January 2009

10000

26-Oct-09

1500

0.4587

January 2009

10000

03-Aug-09

1000

0.4624

February 2009

10000

02-Nov-09

1500

0.4556

February 2009

10000

10-Aug-09

1000

0.4949

February 2009

10000

09-Nov-09

1500

0.4527

February 2009

10000

17-Aug-09

1000

0.4332

February 2009

10000

16-Nov-09

1500

0.4597

February 2009

10000

24-Aug-09

1000

0.4187

February 2009

10000

23-Nov-09

1500

0.4522

February 2009

10000

01-Sep-09

1000

0.3900

March 2010

6500

30-Nov-09

1500

0.4573

March 2010

6500

07-Sep-09

1000

0.3760

March 2010

6500

14-Sep-09

1000

0.3777

March 2010

6500

21-Sep-09

1000

0.3538

March 2010

6500

28-Sep-09

1000

0.3761

March 2010

6500

05-Oct-09

1000

0.3958

April 2010

4000

12-Oct-09

1000

0.4259

April 2010

4000

19-Oct-09

1000

0.4459

April 2010

4000

26-Oct-09

1000

0.4819

April 2010

4000

02-Nov-09

1000

0.4769

May 2010

4000

09-Nov-09

1000

0.4899

May 2010

4000

16-Nov-09

1000

0.4926

May 2010

4000

23-Nov-09

1000

0.4662

May 2010

4000

30-Nov-09

1000

0.4684

June 2010

1000